North Bergen, New Jersey 2/3/2010 9:02:13 AM
News / Business

Perrigo Co. is making eye opening gains as profits are on a continuous rise

Perrigo Co. stock has risen to a new high for the year.

Wall Street Grand LLC, a leading investor newsletter is pleased to announce to the investment community and Wall Street Grand members’ market moving news about Perrigo Co.(NASDAQ:PRGO) most recent and continuous market gains. Perrigo Co. trades on the “Nasdaq” under the symbol: PRGO. To learn more Dice Holdings Inc., (NASDAQ:PRGO), make sure to visit our exclusive website http://www.wallstreetgrand.com/.

 

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On Tuesday morning, Perrigo Co., the largest U.S. maker of store-brand over-the-counter drugs (NASDAQ:PRGO) reported 2nd quarter EPS of $0.70 which has increased from $0.45 in the prior year period. The consensus estimate was for EPS of $0.66. The company expects to report the full year of 2010 at an EPS of $2.55 to $2.65, compared to the consensus estimate of $2.43. Perrigo Co. gapped down this morning, but has climbed during the last half hour. Shares are now up 0.75 at $44.95 on above average volume. The stock has been on a prosperous flow for nearly a month and has risen to a new high for the year.

 

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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.

 

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